septiembre 26, 2017 | Posted in:Blog

Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has revealed the number of mining rigs which are on the list to be imported during the first 3 weeks of January.

The deputy director of the customs department, nguyen Thanh Tuyen, told the HMC Law Department on January 24 that between January 1 and 23, a total of 7,932 mining rigs are waiting to become customs-cleared, Tuoi Tre reported.  He added that the total value of these rigs is»almost $12.3 million…[and] the amount of tax paid to the [city’s] funding is nearly 28 billion dong [~$1.23 million].»  Tianphong elaborated:

Currently, the purchase price of mining rigs that are bitcoin is high, from 70 to 80 million [VND]; a few areas even [sell them for] around 100 million [VND] each machine.

The book noted that mining rigs are imported from China, including although they cost roughly 20-25 million dong each but were sold for 35-40 million dong each in 2016.  By mid-2017,»that the price of mining rigs increased to VND 45-60 million per machine and at present, although the purchase price of bitcoin diminished, the purchase price of mining rigs still increased to VND 80-90 million per machine,» the publication added.

News and bitcoin gambling and casino games.Bitcoin. Com recently reported that a total of 7,005 known mining rigs were imported in 2017. Most of them, 5,527 rigs, were imported between November and December 21.  Only 1,478 rigs were announced entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.

No Regulations Nevertheless

Tuyen clarified that mining rig imports and mining operations in the city are»still normal because there are no regulations for the import of these products,» Tianphong quoted him. Presently,»the State Bank has verified that bitcoin and other similar virtual currencies are not legal way of payment in Vietnam» and residents using them as such»will be fined 150-200 million [VND], and may be subject to criminal prosecution from January 1, 2018,» the novel highlighted.

Nguyen Hoang Minh, deputy director of the HMC branch of the State Bank, was quoted saying:

Currency generally, and bitcoin and litecoin particularly, are not currencies and are not legal means of payment under the law.

What do you think about this Vietnamese mining industry growing so quickly?  Tell us in the comments section below.

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